Question

what will be the compound interest on $ 7600 at the rate 5%per annum for 2 years

Answer 1

Heya,

Given:-
P = ₹7600
R = 5%
T = 2 years

To find:-
Compound interest

Solution:-
A = P (1 + r/100)^t

A = 7600 (1 + 5/100)^2

A = 7600 (105/100)^2

A = 7600 (21/20)^2

A = 7600 × 21/20 × 21/20

A = 76 × 21/2 × 21/2

A = 38 × 21 × 21/2

A = 19 × 21 × 21

A = ₹8379

C.I = A - P
C.I = 8379 - 7600
C.I = ₹779

Hope my answer helps you :)

Regards,
Shobana

Answer 2

hello..

Given------>
P = ₹7600, R = 5%, T = 2 years

we've to find compound interest so..,

Ans:-
= P (1 + r/100)^t
= 7600 (1 + 5/100)²
= 7600 (105/100)²
= 7600 (21/20)²
= 7600 × 21/20 × 21/20
= 76 × 21/2 × 21/2
= 38 × 21 × 21/2
= 19 × 21 × 21
= ₹8379

C.I = A - P
= 8379 - 7600
= ₹779